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NLD’s U Soe Lwin Elected Deputy Mayor of Yangon

YANGON — U Soe Lwin, who won a seat on the executive board of the Yangon City Development Committee (YCDC) as a candidate for the National League for Democracy in last month’s municipal election, was voted deputy mayor of Myanmar’s largest city and commercial capital on Monday. “[Yangon residents] will see change. We contested the […]

The emergence of Suukyinomics

State Counsellor Aung San Suu Kyi’s National League for Democracy (NLD) administration in Myanmar has been heavily condemned by international policy analysts for its absent economic vision and lack of a tangible policy on minority management. But it seems now there is a plan: Suukyinomics, a brand that began with the announcement on 28–29 January […]

Frontier Markets Investment Portfolio: A Mining Site in Northern Myanmar

Asia Frontier Capital’s Regional Investment Analyst Scott Osheroff recently traveled to northern Myanmar to visit the mine site of one of its portfolio companies. Myanmar – Liberalization begins to unfold The National League for Democracy (NLD) seems to have potentially finally come to the realization that the economy is suffering and therefore that their party […]

Tanintharyi Residents Call on Myanmar’s Aung San Suu Kyi Address Corruption Concerns

Residents of a coastal town in southern Myanmar’s Tanintharyi region demanded Wednesday that State Counselor Aung San Suu Kyi take action against their government over complaints about corruption and poor administration by removing the chief minister and the minister of planning and finance. During a three-day visit to the far-flung region, people at a gathering […]

Central Bank Allows Yen, Yuan Transactions

The Central Bank of Myanmar on Wednesday announced that it will now allow the Japanese yen and Chinese yuan to be used as a settlement currency for international payments and transfers. The move came after Chinese investors urged the Ministry for Investment and Foreign Economic Relations to reform Myanmar’s foreign currency exchange policies during the […]

Myanmar’s stalled China-backed Myitsone dam project strained bilateral ties for years — now it could be scaled back or moved

A top Myanmar investment official on Tuesday suggested scaling back or relocating a stalled Chinese-backed hydropower project that has strained ties between the neighbours for nearly a decade. The suggestion follows a statement by the Chinese Embassy in Myanmar earlier this month that said civil society organisations in Kachin state supported the planned project. Hundreds […]

Projects Approved by Previous Gov’t Should Not Be Abolished: State Counselor

Myanmar State Counselor Daw Aung San Suu Kyi said no investor would trust in Myanmar if a new government abolishes projects approved by its predecessor just because they do not comply with its policies. Her comments were in response to a question posed by a student at a meeting with locals in Kalay Township in […]

Tourist arrivals rise 3.15% in ’18

Myanmar received over 3.55 million foreign tourists last year, a 3.15 percent increase over the 3.44 million in 2017, according to the Ministry of Hotels and Tourism. “During 2018, tourist arrivals from western countries were low, and most visitors came from Asia, so the amount of tourism income will be different than last year, but […]

Business confidence in Myanmar sinks as scepticism mounts

More European businesses say they have lost confidence in Myanmar due to concerns about the National League for Democracy-led government’s management of the economy compared to the last two years, a new survey shows. According to the latest survey from the European Chamber of Commerce in Myanmar (EuroCham) published yesterday, a majority of firms (81 […]

Mandalay govt to make regional laws more responsive

Authorities are looking into amending Mandalay’s City Development Law to make it more responsive to the needs of the people. The law was first enacted in 2014 and after the ruling National League for Democracy (NLD) came into power in 2016 it amended the law by holding elections for the municipal committee members. Over the […]